Bank of America Corporation (BAC) Announced Q2 2026 Earnings on July 14, 2026, Reporting "Our revenue grew 15% year-over-year to $31.6 billion"

For the second quarter of 2026, Bank of America Corporation reported strong financial results.

Executive Brian Moynihan stated, "Our revenue grew 15% year-over-year to $31.6 billion" and "Our net income was $9.1 billion, up 27% from last year". He also noted that "Our EPS increased 34% to $1.21 a share". The company generated a "return on tangible common equity of 17%" and "delivered 6.6% operating leverage and our efficiency ratio improved to 59%" for the quarter.

Executive Alastair Borthwick added that "NII on an FTE basis was approximately $16.2 billion" for the second quarter.

Management highlighted broad-based growth across all segments.

Moynihan noted, "Every business segment contributed to our year-over-year growth". Borthwick highlighted Consumer Banking, where "Net income increased 10% year-over-year to approximately $3.3 billion". Digital engagement remains a focus, with Borthwick stating "Digital engagement remains a clear differentiator with roughly 50 million active digital users, more than 24 million active Erica users". Global Markets also performed well, with Borthwick reporting "Sales & Trading revenue, excluding DVA, increased 33% to $7.2 billion". Furthermore, Moynihan emphasized the company's technology initiatives, noting that "over 200,000 teammates are actively using AI-enabled capabilities across our company".Regarding forward guidance, Borthwick provided an update on net interest income, stating, "We now expect full year 2026 NII growth to be at the upper end of that 6% to 8% range". Management also raised their expectations for operating leverage, with Borthwick announcing, "we now expect full year operating leverage to be in the range of 300 to 400 basis points". Additionally, the company reported an overall tax rate of 21.5% for the quarter, which Borthwick noted is "consistent with our full year guidance".